The purpose of the VfM Report is to:
• ensure that the outcome (to date) of government's decision to invest in the Business Case (i.e. the Investment Decision and the Project Management Decision) is adequately reported upon;
• ensure that the Owner's project expectations (as expressed in the VfM Statement) are adequately reported upon;
• judge the performance of the alliance; and for the government to understand the Owner's effectiveness in structuring the alliance effectively; and
• allow the VfM outcomes arising from individual alliances to be reviewed and assessed to ensure that the alliance process is subject to continuous improvement (i.e. capture any lessons learnt that can be fed back into other projects).
The VfM Report is provided to the government by the Owner.